I am looking for a apartment to buy as a investment property, I found a really nice unit but the agent told me the property owner is happy to pay the market rate to stay at a property as a tenent if we are happy with it. I am so confused…. What are your thoughts? Should I let him stay or look for another tenent? Will there be any problem? Is it normal?
Vendor wants to remain in property as a tenent after selling the property!
Guilty Flamez on 27/07/2015 - 19:36
Comments
Could be old too and doesn't expect to live too much longer.
Cash injection from the sale would mean they have cash to burn on whatever they want to do in whats left of their life.They only young family and only bought the unit few years ago
prob can't afford the mortgage and body corp fees etc, but likes the place and wants to live there for a while longer.
I think it is better, they will likely be taking better care of the property than new tenants as I suspect they have some attachments to the property.
Sale and lease back…probably only doing it as they can't afford the mortgage or fees.
I would absolutely take them up on this. They are likely to be attached to the property and selling as they can't afford it, or they haven't yet found another place.
Also may be they are building another home or finding another suitable property.
Yes. And possibly you can ask for a bit more than the market rate as they have to factor the cost of moving in there…. ;-)
very normal.
chances are he/she hasnt found a place to move to yet. ie. sold before buying.